Despite the attractive terms and interest rates offered by the Department of Housing and Urban Development’s (HUD) senior housing financing programs, many have been turned off by the lengthy HUD queue and are resorting to other funding sources. “The basic problem with the FHA program is that it takes way too long, and a lot […]
Category: Featured
With the recession dragging on, the senior housing market has experienced a significant slump. New construction starts have dropped by 53% since the 2008 crash, and now make up just over 1% annually of the senior housing inventory, according to the National Investment Center for the Seniors Housing & Care Industry (NIC). At the same time, […]
Health care providers are trying to make a case against funding cuts to policymakers, who they say don’t seem to understand the price of care that nursing homes are providing, and the impact those cuts could have to the quality of that care, and to the economy. With the Centers for Medicare and Medicaid Services […]
The decision by the Department of Housing and Urban Development to add additional staff to speed up the application process for its Section 232 program was welcomed by the senior housing industry, but the support didn’t come easily. In fact, obtaining the support of the agency has been a work in progress as far back […]
The number of 65+ households is projected to increase by 35% in 2020 according to a recent Harvard University housing report. The Joint Center for Housing Studies (JCHS) says in The State of the Nation’s Housing Report that baby boomers will continue to have a huge effect on the housing market as they approach retirement […]
The average occupancy rate for senior housing properties rose to 87.9% during the first quarter of 2011, up 0.2% from the previous quarter according to data from the National Investment Center for the Seniors Housing & Care Industry (NIC). While it’s the fourth consecutive quarter that occupancy rates have improved, the senior housing industry isn’t out […]
Fountaingrove, the nation’s first retirement community offering the option of continuing care for the lesbian, gay, bisexual, and transgendered (LGBT) community has begun construction of its 10-acre property in Sonoma County, Calif. “Fountaingrove Lodge is a dream that has been several years in the making, and reflects our desire to provide fine retirement living opportunities for […]
More than a quarter of Americans say they are “not at all confident” about retirement and only 13% say they are “very confident,” according to the Employee Benefit Research Institute’s 2011 Retirement Confidence Survey. The small proportion who are confident in their retirement is tied with the rate in 2009—the lowest on record in the […]
Austerity was the most searched word on the Merriam-Webster online dictionary during 2010. In case you’ve been living under a rock the past two years, the word means ‘enforced or extreme economy’. Quite different than luxury or other indulgent phrases that led up to the recession of the last few years. As you peruse this […]
The consumer electronics trap is set and Baby Boomers are squarely in the crosshairs once you get past the 3-D televisions and tablets. That was my impression after seeing many of the consumer technologies showcased by vendors during the 2011 Consumer Electronics Show this past week in Las Vegas. Besides the broader focus of CES […]
Subscribe
Receive industry updates and breaking news from SHN